Orosil Smiths cash falls to Rs 96.07 lakh on outflows

Orosil Smiths India Limited ended the half year on September 30, 2026 with cash and cash equivalents of Rs 96.07 lakh, down Rs 3.507 crore from March 31, as Rs 1.4676 crore of operating outflow, Rs 1.9945 crore of investing outflow and Rs 4.49 lakh of financing outflow reduced cash.

How much cash did Orosil Smiths have at September 30, 2026?

Orosil Smiths had Rs 96.07 lakh of cash and cash equivalents at September 30, 2026, compared with Rs 4.4678 crore at March 31, 2026. The reported decrease was Rs 3.507 crore during the six-month period, taking the balance below Rs 1 crore after the company began the financial year with Rs 4.4678 crore.

The cash-flow statement reconciles opening cash and cash equivalents of Rs 4.4678 crore with the Rs 96.07 lakh closing balance. It was prepared under the indirect method set out in Indian Accounting Standard 7, or Ind AS 7, under which profit before tax is adjusted for non-cash items, investment-related income and working-capital movements.

The September 30 cash amount matches the cash-and-cash-equivalents line in Orosil Smiths’ balance sheet. Total current assets declined to Rs 9.8675 crore from Rs 12.3424 crore at March 31, 2026, a reduction of Rs 2.4749 crore that was less than the cash decline because receivables and inventories increased during the half year.

What caused Orosil Smiths’ cash balance to decline?

Orosil Smiths reported Rs 1.4676 crore of net cash used in operating activities, Rs 1.9945 crore used in investing activities and Rs 4.49 lakh used in financing activities for the half year ended September 30. These outflows together account for the reported Rs 3.507 crore decrease in cash and bank balances.

The principal investing movement was Rs 3.4728 crore reported as sale or purchase of investments. This was partly offset by Rs 98.77 lakh shown as profit and loss on equity or mutual fund investments, Rs 43.84 lakh of interest received and Rs 6.45 lakh of dividend received, while purchases of property, plant and equipment used a further Rs 1.23 lakh. Net investing cash used was Rs 1.9945 crore.

Financing cash use consisted of lease-related payments. Orosil Smiths paid Rs 3.61 lakh toward lease liabilities and Rs 87,000 toward finance costs on lease assets, resulting in the reported Rs 4.49 lakh financing outflow. Non-current lease liabilities were Rs 17.29 lakh at September 30, down from Rs 20.90 lakh at March 31.

How did Orosil Smiths’ investments change during the half year?

Orosil Smiths’ non-current investment balance increased by Rs 3.4728 crore to Rs 20.016 crore at September 30, 2026, from Rs 16.5432 crore at March 31, 2026. That increase corresponds to the Rs 3.4728 crore investment-purchase line in the cash-flow statement, connecting the cash deployment with the higher investment asset balance.

Total non-current assets rose to Rs 20.764 crore at September 30 from Rs 17.2839 crore at March 31. Other financial assets increased to Rs 15.90 lakh from Rs 3.78 lakh, while tangible assets declined to Rs 30.96 lakh from Rs 35.71 lakh and deferred tax assets declined to Rs 27.93 lakh from Rs 34.58 lakh.

The change in asset mix occurred while total assets increased by Rs 1.0052 crore to Rs 30.6315 crore. Current assets fell by Rs 2.4749 crore, whereas non-current assets rose by Rs 3.4801 crore, with the Rs 3.4728 crore increase in investments representing the largest disclosed movement within non-current assets.

Which operating cash-flow items used Orosil Smiths’ cash?

Orosil Smiths reported profit before tax of Rs 1.0321 crore for the half year, but operating profit before working-capital changes was negative Rs 39 lakh. Cash-flow adjustments included Rs 98.77 lakh related to equity or mutual fund profit and loss, Rs 43.84 lakh of interest income and Rs 6.45 lakh of dividend income, which reduced the indirect-method starting point.

Working-capital changes resulted in an outflow of Rs 1.1976 crore. Trade and other receivables used Rs 51.82 lakh, other assets used Rs 33.70 lakh and inventories used Rs 29.81 lakh, partly offset by Rs 23.98 lakh from short-term provisions, Rs 7.57 lakh from other liabilities and Rs 3.02 lakh from long-term provisions.

Direct tax paid, net of refunds, was Rs 27 lakh, taking operating cash used to Rs 1.4676 crore. The balance sheet recorded trade receivables of Rs 61.17 lakh at September 30 versus Rs 9.35 lakh at March 31, while inventories increased to Rs 3.711 crore from Rs 3.4129 crore, consistent with the cash-flow movements reported for those categories.

How does the half-year cash flow compare with the prior financial year?

Orosil Smiths recorded a net cash decrease of Rs 3.507 crore in the half year ended September 30, 2026, compared with a net cash increase of Rs 4.399 crore in the year ended March 31, 2026. In the prior full year, cash and cash equivalents rose from Rs 6.87 lakh to Rs 4.4678 crore; the latest half-year outflow used most of that closing balance.

The largest contrast was in investing cash flow. The year ended March 2026 generated Rs 11.7439 crore from investing activities, whereas the latest half year used Rs 1.9945 crore. The prior-year investing section included Rs 25.5504 crore of profit on sale of land and building, Rs 73.91 lakh of proceeds from property, plant and equipment, and Rs 16.077 crore of investment purchases.

Operating cash flow was negative in both periods, at Rs 1.4676 crore used in the latest half year and Rs 7.2625 crore used in the year ended March 2026. Orosil Smiths nevertheless reported half-year profit after tax of Rs 69.56 lakh, compared with Rs 27.27 lakh in the half year ended September 30, 2025, while revenue from operations declined to Rs 62.80 lakh from Rs 1.7272 crore.

Conclusion

Orosil Smiths’ September cash position reflects cash being used for investments and operating working-capital requirements in the first half of the financial year. The Rs 3.4728 crore increase in investments corresponded with the investment-purchase cash-flow line, while negative operating cash flow and lease-related payments left cash and cash equivalents at Rs 96.07 lakh.

The company said its September 2026 financial results will be published in newspapers under Regulation 47 of the Securities and Exchange Board of India listing regulations. That publication is the next disclosed event, while future filings can show whether the Rs 20.016 crore investment balance, Rs 61.17 lakh receivables balance and Rs 96.07 lakh cash balance change further.